Weiss Korea Opportunity Fund Ltd Update research from QuotedData

TIDMWKOF

Weiss Korea Opportunity Fund Ltd

25 October 2021

Weiss Korea Opportunity Fund - Update research from QuotedData

21(st) October 2021

On the front foot

Weiss Korea Opportunities (WKOF)'s share price and net asset value (NAV) returns continue to be well-ahead of those of comparable indices. From its launch in May 2013 to the end of September 2021, shareholders saw returns of almost 190%, more than double those of the MSCI Korea 25/50 Index (the trust's chosen performance benchmark - see page 13). Nevertheless, the board and the manager feel that the discount opportunity that WKOF was designed to exploit remains highly attractive.

The average discount at which the company's portfolio of Korean preference shares trades relative to the prices of equivalent common shares is as wide as it has been since the launch of the fund in 2013. In recognition of this, the board feels that it makes sense to try to expand the company.

Full research:

https://quoteddata.com/research/weiss-korea-opportunity-fund-front-foot-qd/

This research is also available free on our website www.quoteddata.com where you will also find news, performance data and factsheets on every London listed Investment Company. QuotedData writes and distributes research on a number of quoted companies, facilitates meetings between those companies and existing and potential investors and assists in raising additional capital where required.

NB: Marten & Co was paid to produce this note on Weiss Korea Opportunity Fund and it is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the FCA. Marten & Co is not permitted to provide investment advice to individual investors.

QUOTEDDATA

123a Kings Road | London SW3 4PL

Tel: +44 (0) 20 3691 9430

www.quoteddata.com | research@quoteddata.com | www.martenandco.com

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word "Reach" in the source column of the News Explorer pages of London Stock Exchange's website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

NRADBBDGGGDDGBS

(END) Dow Jones Newswires

October 25, 2021 02:00 ET (06:00 GMT)

Weiss Korea Opportunity (LSE:WKOF)
Historical Stock Chart
From Mar 2024 to Apr 2024